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The fashion business D2 became the first post-Christmas casualty last night when it plunged into administration, with the loss of 200 jobs.

The collapse followed a fresh warning that consumers will cut back on non-essential spending in 2012.

The directors of A&J Menswear, which trades as D2, called in administrators from BDO yesterday. The company, which was co-founded by Sir Tom Hunter, last fell into administration this time two years ago, with the Scottish entrepreneur’s former business partners Jim McGonigle and Alan Kinney resurrecting a slimmed-down operation.